Highland Global Allocation Fund announced the declaration of monthly distributions of $0.081 per share. Under the Fund's level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund's net asset value (NAV) per share, as reported for the final five trading days of the 2021 calendar year. The Fund is declaring distributions of $0.081 per month for July through September 2022.

Ex-date is July 21, 2022, August 23, 2022 and September 22, 2022. Record date is July 22, 2022, August 24, 2022 and September 23, 2022. Payable date is July 29, 2022, August 31, 2022 and September 30, 2022 respectively.